Thursday, July 06, 2006

Claire at Tired But Happy wants to know everyone's credit card limits... good question, I hadn't even thought about that in a while. All I knew was that I am never anywhere near hitting them!I used to have a few different credit cards with lower limits, but several years ago, I decided to consolidate down to 3 cards:

Without our request, our credit limits were increased on two cards after we bought a house. I had to laugh when I saw that happen--we just took on half a million in debt and they are willing to give us more. I think the increases came about 18 months after we bought, so it was probably related to an increse in credit score around that point (on-time payment history, etc.).

Those are OBSCENE limits! I'd faint if I read you ever used that credit (but I understand enough about credit scores to know that the unused credit sitting around is a good thing). Still -- forty-four thousand dollars???? On a credit card? What are they (VISA, etc.)thinking? :)

About Me

My name is Madame X, and I am a 40-something single woman living in New York's lower Hudson Valley. I write about how much money I make, what I spend it on, how much I save, how I budget, my home-buying experiences, my financial goals and ambitions, my thoughts on class and what it means to be rich or poor, and anything else that relates to money. (More about me here, here, and here.)If you take any of my advice, do so at your own risk as I am not really qualified to give it. If you have advice to share, please do, and many thanks!